RICHMOND ECONOMIC DEVELOPMENT
Brown’s Island and downtown Richmond
REAL PARTNERS. REAL SERVICE. REAL MISSION.
Richmond Economic Development is your partner in achieving success. We work to build a vibrant and equitable economy in Richmond by encouraging business investment, job creation, strategic development, long-term growth, and community well-being.
Richmond Economic Development combines the financing powers of the Economic Development Authority of the City of Richmond (Richmond EDA) and the staff expertise and programs of the City of Richmond Department of Economic Development to collaboratively attract, retain, and support business in Richmond, Virginia.
In partnership with the Mayor, City Council, and regional and state partners, we work to attract new commercial investment, increase tax revenue, and create new jobs in Richmond. A Board of Directors leads the Richmond EDA, and collectively our work is guided by the City's adopted Strategic Plan for Equitable Economic Development.
Whether you're relocating, expanding, or starting a new business, we're here to simplify your site selection with on-the-ground-knowledge, a robust property database, up-to-date demographic and area data, and more. We help you every step of your journey.
Our services include:
The EDA helps facilitate key investment and development activities, including the recent CoStar Group expansion and the Diamond District redevelopment efforts. In FY 2022, there were $552 million in capital investments and 2,237 new jobs associated with announced economic development projects. Learn more about Richmond's recent economic development successes.